Statement re. Suspension

RNS Number:1190F
Eleksen Group PLC
04 October 2007



                               Eleksen Group plc
                          ('Eleksen' or 'the Company')



4 October 2007

The Board of Eleksen announces that it intends this morning to appoint
administrators to the Company and has requested that trading in its ordinary
shares be suspended with immediate effect.

On 28 August 2007, Eleksen released a trading statement and stated that the
Company was in need of further funding.  Subsequently, on 21 September 2007,
Eleksen provided a further update in its interim results for six months to 30
June 2007.  The announcement made clear the pressing need for further funding,
which might or might not be forthcoming, and also highlighted potential going
concerns issues.  Since this time the directors have vigorously explored
the available options.  The directors have now concluded with regret that there
are no proposals which offer sufficient certainty of raising additional funding
within an acceptable timescale and therefore there is no alternative but to
appoint administrators.

Consequently, the Company has requested that the London Stock Exchange plc
suspend trading in its shares with immediate effect.


ENDS

For further information, please contact:


Eleksen Group plc 08700 727272
Robin Shephard, Chief Executive

Panmure Gordon 0207 459 3600
Andrew Godber

Cubitt Consulting 020 7367 5100
Michael Henman
Allison Reid




About Eleksen

Eleksen's core technology, ElekTex(R), enables fabric to be programmed, creating
touch sensitive controls for a wide range of electronic devices.

Eleksen's initial focus is on wearables, such as soft MP3 controllers integrated
into outdoor jackets, rucksacks and suits; and on soft, fabric keyboards for
smartphones and PDAs. A wide range of other applications may exist including
solutions for the toy, industrial, military, automotive and healthcare markets.

Further information on the Group is available at www.eleksen.com




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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